YES, the CRKT knives aren't what they used to be. Liner locks are problematic, but CRKT's Lake and Walker Knife Safety (LAWKS) makes the liner lock almost respectable. I'm ticked at the company for downgrading its steel, while not changing the knife's model number or designation. If I want to sell a like new knife on eBay, I can advertise it as an AUS6, but in reality it could be an AUS4 (which is junk). I'm no steel snob, but I draw the line at AUS6. So if you have an M16, who knows what the blade is?
As far as locking knives go, Spyderco and Benchmade make super knives. But their blade lengths are too short for my taste. I like a 5-inch blade and I've found Cold Steel's Voyager to be a good knife with decent steel. (I also like their 6-inchers).